India: Tat

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India: Tata's search for a new CEO by Joe Leahy in Mumba Mr Tata, Chairman of India's biggest company, is expected to retire - yet again - in two years. But this time things look different. The group appears ready to move on, formally announcing last month that it has set up a special committee to look for a new CEO. Instead of simply choosing the le most obvious successor, the group has said it will consider all candidates for India's biggest corporate job. In a country where companies are often controlled by influential families, the idea of an outsider, particularly a foreigner, controlling a group of Tata's size and reputation is revolutionary. At risk is more than the future of the Tata Group, though this is very important to the national economy. things look different. The group With its I00 subsidiaries - including India’s biggest private-sector steel company, its biggest information­ technology outsourcing company and its biggest automotive producer -it is also the country's first true multinationes with 65 per cent of this in revende generated overseas. Analysts question whether Tata can create an example for corporate India of orderly transition trom family leader Shi...